Mortgage Lenders ‘Make Hay’ With Loan Spreads Widest Since 2008

(Bloomberg) — Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.

Just ask Keith VandenAkker. He’s forgoing weekends to keep up with the work.

In 22 years as a Massachusetts mortgage appraiser, he’s never been this busy. The jump in refinancing was to be expected, with rates near record lows. The surprise, he said, is that the spring property sales season, delayed for a couple months by the health crisis, is demanding most of his time.

“June is kicking my butt,” VandenAkker said, rushing in his silver Subaru, mask in hand, to the next appraisal. “I got 8 or 9 orders yesterday and I’m just a one-man show.”

Lenders are getting bombarded with calls from homeowners looking for cheaper loans. They’re also hearing from potential

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Ontario urges use of face masks, U.S.-Canada border to remain closed

As cases of COVID-19 continue to spread around the world, Canadians seem to be increasingly concerned about their health and safety

Check back for the latest updates on the coronavirus outbreak in Canada.

For a full archive of the first month of the pandemic, please check our archive of events.

Two workers have died in the province and 300 Mexicans in Canada are believed to be infected with the virus.

Ford said 724 works have been tested in Windsor-Essex but stressed the province can’t force anyone to get tested.

“We can’t force anyone to get a test, we’re encouraging them to get a test,” Ford said. “I want the cooperation of farmers and the workers.”

Deputy Premier and Minister of Health, Christine Elliott, said the provincial government maintains that physical distancing is the most important rules to follow, with no plans to make mask wearing mandatory.

“Physical distancing is still … Read More

High-Volume MD Coronavirus Testing Site Opening

MARYLAND — One week after Gov. Larry Hogan told protesters to get tested for the coronavirus, the state will open up a high-volume testing site at the Baltimore Convention Center. It will start operating Wednesday, and people can now schedule appointments online.

Those who get tested at the convention center will receive their results in two to five days, according to the University of Maryland Medical System, which is overseeing scheduling at the site.

It will be open from 8 a.m. to 2 p.m. Wednesday, June 17, and Friday, June 19, at 1 West Pratt Street in Baltimore.

“Our health experts are strongly encouraging anyone who attended any of the protests or gatherings in Maryland over the past two weeks to immediately get tested for the coronavirus,” Hogan said at a news conference Wednesday, June 10, as he announced the lifting of restrictions on indoor dining and starting Friday,

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As L.A. reopens, an underground dance party draws revelers and worries health experts

Masked partygoers pass through a secret gate to attend an underground club Friday. <span class="copyright">(Gina Ferazzi/Los Angeles Times)</span>
Masked partygoers pass through a secret gate to attend an underground club Friday. (Gina Ferazzi/Los Angeles Times)

At midnight on Friday, a security guard opened a thick steel door into a South L.A. warehouse. Unfamiliar sounds of late poured out from underneath: music, laughing and dancing. “Inside, inside,” the guard commanded, and slammed it shut behind a small line of wary but elated partygoers in paisley-print facemasks. A pink neon light beckoned them to a pair of masked ushers, who checked tickets for what was likely L.A.’s first underground club night since the coronavirus lockdowns began.

Around a dozen techno fans clustered on the small outdoor patio next to an enclosed main dance floor. The crowd wasn’t very big, at that point far fewer than 100 people. But as more guests trickled in to see the dark-techno DJ Axkan perform, some looked around in giddy disbelief that this was actually

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Top 10 Estate Planning Tips in a Time of Coronavirus

It has arrived: the unexpected, potentially life-threatening circumstance you had in mind when you set up your estate plan, and now you’re feeling really relieved that you took care of it before the emergency struck. Right?

SEE ALSO: 12 Different Times When You Should Update Your Will

Even if you haven’t already set up your estate plan, and even in today’s world of social distancing, it isn’t too late to get your affairs in order so that you and your family are prepared for the worst. There may be some things out of your control right now, but your estate plan isn’t one of them. Here is what you need, and how you can get it set up, even though — lucky you — you can’t get within 6 feet of a lawyer.

Advance Health Care Directive

Sometimes called a patient advocate designation or health care proxy, this document names

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Masks required at Kaiser Permanente facilities following South Sacramento petition

Whether you’re an employee at a Kaiser Permanente facility or a visitor, you’ll need a face mask to be on the premises.

Patricia Rodriguez, an executive with the health care giant, told The Sacramento Bee on Monday that Kaiser Permanente will be requiring all staff and visitors wear masks in all of its facilities, including its South Sacramento medical center, where a nurse launched an online petition last week to push for the change.

Hundreds of people signed the petition over six days, saying that doing so would help prevent the spread of the new coronavirus, the pathogen that causes the respiratory illness COVID-19.

“The nurses here at South Sac want to have mandatory masking for all people entering the hospital and the clinic, and the upper leadership here at our facility is still not making it mandatory,” said registered nurse Diane McClure, who works at the facility.

McClure said

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Here’s Where to Buy Face Masks for Kids Online

I’ve been enjoying ’round-the-clock family time with my two girls since quarantine began, spending our time just outside New York City. Face masks for kids are essential, since our social distance outings have been walks on the beach, neighborhood strolls, and drive-by hellos past our family and friends’ homes. As an adult, I’ve gotten used to wearing a face covering in public, and so have my girls—they even remind me when I step out of the car, “Mommy, don’t forget your mask!” So when the Centers for Disease Control officially started recommending face coverings, it got me thinking about what to do to keep them—and others in our community—safe.

Under the guidelines, the CDC recommends that all children over the age of two “wear a cloth face covering their nose and mouth” in public settings to reduce the spread of the virus. Even though we spend the majority of our

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UCLA to reopen with mainly online classes because of the coronavirus, officials say

A student walks in the courtyard in front of Royce Hall at the UCLA campus in Westwood. <span class="copyright">(Genaro Molina / Los Angeles Times)</span>
A student walks in the courtyard in front of Royce Hall at the UCLA campus in Westwood. (Genaro Molina / Los Angeles Times)

The vast majority of classes at UCLA this fall will be virtual, with only a small percentage offered on campus, the university announced Monday.

Officials announced the plan in a letter to the community as each university in the 10-campus UC system is likewise preparing to release its own reopening plans. At UCLA, only about 15% to 20% of courses would probably be offered on campus or in a hybrid format, including some that involve laboratory work, performing arts and clinical health fields.

In addition, officials said they will be taking steps to make on-campus housing less dense by prioritizing housing offers based on factors such as financial need and how far away a student’s primary residence is from the Westwood university. Officials said they will also

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Ontario expands reopening for more regions, CERB extension in the works for Canadians

As cases of COVID-19 continue to spread around the world, Canadians seem to be increasingly concerned about their health and safety

Check back for the latest updates on the coronavirus outbreak in Canada.

For a full archive of the first month of the pandemic, please check our archive of events.

Dr. Henry indicated this is not a new discussion, but something that has been evaluated for many years. She said the general understand that droplets can spread from between one to two metres.

“Because we know that there are very few things we can do once somebody has been exposed, there’s no treatment, there’s no vaccine, we tend to be more on the cautious side,” Dr. Henry said.

“Technically, we say droplet spread is within a metre but we have, and I think the consensus with most of my colleagues around the world, for these types of setting is to … Read More

12 Things Every Home Buyer Should Do

Buying a home may be one of the biggest purchases you will ever make. The more you know about the home buying process, the more money, time and hassle you’ll save. And given the global health pandemic, there are certain precautions you’ll need to take to help protect yourself when the time comes to view prospective properties in person.

We’ve outlined 12 things you should prepare for now if you plan to purchase a new house in the months ahead. Take a look.

If you’re curious to know how much you can afford to buy, you can get prequalified for a mortgage by a lender. However, a prequalification is just an estimate of what a lender thinks you can afford, based on basic financial information you provide.

You’ll need to take it a step further once you’re ready to start seriously shopping for a home. You’ll want to get preapproved … Read More